Punch & Associates Investment Management Inc. purchased a new position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 474,707 shares of the business services provider's stock, valued at approximately $5,113,000. Punch & Associates Investment Management Inc. owned approximately 1.91% of The Hackett Group at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in shares of The Hackett Group during the 2nd quarter valued at $7,681,000. Hsbc Holdings PLC purchased a new position in The Hackett Group in the second quarter valued at about $145,000. Sanctuary Advisors LLC purchased a new position in The Hackett Group in the second quarter valued at about $424,000. Weber Capital Management LLC ADV acquired a new position in The Hackett Group in the 2nd quarter worth about $2,430,391,000. Finally, BlackRock Inc. purchased a new stake in shares of The Hackett Group during the 2nd quarter worth about $18,957,000. 78.12% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
HCKT has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d+)" rating on shares of The Hackett Group in a research note on Monday, July 6th. Roth Capital set a $17.00 target price on shares of The Hackett Group in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of The Hackett Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Barrington Research dropped their price target on shares of The Hackett Group from $17.00 to $16.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded shares of The Hackett Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $16.50.
Get Our Latest Stock Report on The Hackett Group
The Hackett Group Stock Performance
Shares of HCKT opened at $10.99 on Thursday. The company has a market capitalization of $273.43 million, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.96 and a beta of 0.92. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.94 and a quick ratio of 1.94. The Hackett Group, Inc. has a one year low of $9.15 and a one year high of $21.33. The company's fifty day moving average price is $10.65 and its 200 day moving average price is $11.94.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $69.33 million during the quarter, compared to analysts' expectations of $68.80 million. The Hackett Group had a net margin of 5.86% and a return on equity of 34.77%. The Hackett Group has set its Q3 2026 guidance at 0.370-0.390 EPS. As a group, analysts expect that The Hackett Group, Inc. will post 1.17 earnings per share for the current year.
The Hackett Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, September 18th. The Hackett Group's dividend payout ratio (DPR) is currently 73.85%.
The Hackett Group Profile
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Free Report)
The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.
Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.
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